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27 Jul 2022
Successful personal injury lawsuits are gratifying in that a favorable outcome compensates victims for all of the strife, anguish and lost wages they experience due to the negligence or carelessness of someone else. However, personal injury lawsuits often take a long time to resolve; during that time a victim may struggle to make ends meet. If you have a pending lawsuit, a cash advance in the form of lawsuit funding may help you pay the bills and get back on your feet recalled Home Easy products

Pending lawsuit cash advances serve to supply personal injury victims with the necessary funds they need to live on while their lawsuit is being resolved. Companies that offer these types of lawsuit "loans" pay plaintiffs a portion of their anticipated lawsuit settlement in advance of the actual case settlement.

It is important to note that these pending lawsuit cash advances are not a loan. In short, when a bank issues a lender a loan, the bank will require the lender to have assets that can be used as collateral for the loan. In the event that the lender defaults on the loan, the bank can then seize those items listed as collateral. A lawsuit "loan" does not require the plaintiff to put up their assets as collateral; instead the projected value of the lawsuit settlement itself is used as collateral; hard collateral assets are not required and good or bad credit is not a determining factor for qualification.

When a lawsuit is settled, the funding company will require that the "loan" be repaid in full along with any predetermined "interest" as outlined in the agreement, but only if the lawsuit ends positively. If the plaintiff loses their case but was supplied with a pending lawsuit cash advance, a reputable company will not require them to pay back that advance.

The total amount in "interest" paid by a plaintiff when their case is settled successfully varies from company to company, and from lawsuit to lawsuit. When your pending lawsuit cash advance is approved and issued, the company should walk through that final payment process and amount with you and your lawyer so that the entire process is made clear and understandable.

The total amount of lawsuit funding issued to a plaintiff will vary from case to case. There is no set maximum that a plaintiff can receive; our set minimum, for example, is $250. When the pending lawsuit cash advance company determines your eligibility, it will calculate the projected settlement of your case as well as how much money you need to meet your needs while you wait for your case to be resolved. This amount will then determine the amount of funding that you may qualify for. It is always recommended that you accept only what you absolutely need. These lawsuit cash advances trend on the expensive side, so it is wise not to over fund.






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